MTS, part of the Sistema conglomerate, added that its third quarter revenue was at 114.6 billion roubles, up 2.1 percent, while adjusted operating income before depreciation and amortisation (OIBDA) rose 6.7 percent to 48.8 billion roubles.

MTS raised growth forecast for its adjusted OIBDA to over 5 percent from more than 4 percent and said that revenue was expected to grow by up 2 percent this year from previous forecast of between minus 2 to plus 2 percent.

MTS Chief Executive Officer Andrei Dubovskov told a briefing that MTS set aside 1.1 billion roubles in provisions due to the company’s business suspension in Turkmenistan earlier this year.